Consider the following cash flows: Year 0 1 2 3 4 Cash Flow -$ 7,600 2,150 4,900 1,950 1,650 What is the payback period for the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Payback period years

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter6: Managing Cash Flow
Section: Chapter Questions
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Consider the following cash flows:
Year
Cash Flow
07234
-$ 7,600
1
2,150
4,900
1,950
1,650
What is the payback period for the cash flows?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
Payback period
years
Transcribed Image Text:Consider the following cash flows: Year Cash Flow 07234 -$ 7,600 1 2,150 4,900 1,950 1,650 What is the payback period for the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Payback period years
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